2024 St. Joseph County Popular Annual Financial Report

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nnvvFRRIMPrIT4 P FP II\,I f PYPFNPPTI IRFc For fiscal year 2024 ending December 31 , 2024, the county's expenditures for all governmental funds totaled $282.3 million and represents an increase of $71 .6 million compared to fiscal year 2023. Major expenditure variances include the following: increase of $12.9 million in Public Safety due to an increase in salaries and medical expenses; increase of $5.9 million in Highway and Streets due to higher capital project spending; increase of $25.8 million in Economic Development due to higher capital project spending; increase of $1 .9 million in Debt Principal/Interest due to new debt; increase of $43 million in Capital Outlay due to New Carlisle projects, like the GM/Samsung battery plant. $282.3 Million in Governmental Fund Expenditures General Government: 26% Expenditures for general administrative offices including County f " Council, Board of Commissioners, Human Resources, Information Technology, Prosecutor, Courts, etc. Capital Outlay: 24% "' `I3 21 Expenditures incurred for capital improvements throughout the co.aoo county, including roads, bridges, building improvements, and technology. Public Safety: 23% _ Expenditures incurred for public safety activities including police and jail services, and a 911 call center. Public Works: 16% ®ma% This includes Economic Development and Highways & Streets, which are expenditures incurred in providing engineering and capital investment. Health & Welfare: 6% . [23 Expenditures incurred for public health initiatives for the county, including a county health department. Debt Service: 4%E Expenditures incurred debt payments on principal and interest. A o Culture & Recreation: 1 % Low° Expenditures incurred for maintaining county parks. N 2024 POPULAR ANNUAL FINANCIAL REPORT 18